Crap.. they announced better than expected GDP forecast.. the red almost gone... Frackkk!!!

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Added on October 26, 2012, 9:40 pmHurrahh.. the small spiked down got me out.. Whew!!
Going to bring the family for nice meals again this weekend!

This post has been edited by danmooncake: Oct 26 2012, 09:40 PM

yes... got a little more to push down.. watching that 603..602... gimme gimme..I'm ready to click out one more time.

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Added on October 26, 2012, 11:02 pm600.80... I'm completely out!!

This post has been edited by danmooncake: Oct 26 2012, 11:02 PM

Dow and SP500 still holding.... so, bulls still got hope. If DOW drops below 13k and SP500 below 1400.. lookout below...
Bloodshed begins..


Anyway..this week been very good week (ahem at least for me )..

Here's the chart for AAPL short'in game.

This post has been edited by danmooncake: Oct 26 2012, 11:24 PM

Whoa....! the $600 floor broken.

Ok.. watch for $580-585 price target. But, I had enough tonight.. my plate full already. Cannot be too greedy.

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Added on October 27, 2012, 12:05 amUpdate:

Alamak.. almost forget, I got some commons waiting to be PUT to me if AAPL closes below 585 by closing.
I hope it won't happen tonight..otherwise it's ramp up my margin.

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Added on October 27, 2012, 4:28 amSaved!!!

Ok, will go enjoy the fruits of labor for this weekend. Next week.. all eyes on AAPL to play the LONG side.. yes, it is time.

This post has been edited by danmooncake: Oct 27 2012, 04:28 AM

Some elec (futures and cme till 9am us est) will continue but majority shutdown. I won't trade either because it like after hours because the volume is way down and price movement all subject to manipulation by computers. It may be a two days situation... just watching all the excitement on their live TVs on the crazy weather there.. oh well, that's ok. Time to go prep for halloween party.

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Added on October 30, 2012, 9:56 amHurricane Sandy Update 9:56am:
Crap.. all downtown Manhattan got power outage now and flood some more. I don't think market will open tonight..
My vpn service to US also sporadic.. this is really Storm of the Century.

This post has been edited by danmooncake: Oct 30 2012, 09:56 AM

Maybe got another selloff.. need a clean and sharp dive back to 585 area...

Anyway,I was off yesterday.. no calls came into our center. My voip to US office still busted ...
company got server in east coast of US. Still got no power yet. Free holiday.

My buys are ready for AAPL.... come 'mon. Going to play a little longs here.
Let's AAPL dive dive dive first..

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Added on October 31, 2012, 9:46 pmGot some AAPL @ 588.25



This post has been edited by danmooncake: Oct 31 2012, 09:46 PM

I was hoping for short term play for price to fill that gap left open since close last week.
AAPL looking weak.. market.. also looking weak.
Price target to exit 595~603

Let see how it goes.

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Added on October 31, 2012, 11:31 pm596.. 1st batch out the door..

Let see.. hopefully it can close that gap up there.

This post has been edited by danmooncake: Oct 31 2012, 11:44 PM

Depending on your time horizon..575-585 should be good spot 'coz the 200ma is here already.
550 - maybe dangerous spot because next dive is around 520-530 support.

Anyway, I got my 2nd price target to exit @ 600.. (gap fill area) achieved... halloween party time in office.

The blue line is 50ema which tells me when to take profit before Skynet does.

Works most of the time. :

Premarket looking ok..jobless claims also ok.

I''ll be watching for AAPL to see if it can break above 603 or not.. if not,
I'll look for shorting opportunity for another round to go on the southbound train.

It will be wonderful buys for bulls waiting at the 575-585 area.. we're almost there.

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Added on November 1, 2012, 10:04 pmSo far..no entry tonight.. AAPL still pretty tight range (mid range - no trade zone).

Macro data (ISM, Consumer, Jobless claim) that came out all pretty good, supporting this market.
Dow up, S&P up, Nasdaq up.. looks like bottoming process in making here.

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Added on November 1, 2012, 11:25 pmLooks like majors are ripping up trying to reverse
the trend ahead of the job numbers tomorrow.

Also, AAPL attempting to break out.. gap filled to 603.. small pull back to 600.
if 596 or higher holds.. stay long.

This post has been edited by danmooncake: Nov 1 2012, 11:26 PM

I think WFC is cheap now..(33.50 ~ 33.75). Trailing PE: 10, Fwd: 9..

That's the same price that WB bought more after the earnings missed about two wks ago.

Long term as in ??? (weeks? months? years?)
What your timeline?

WFC is consolidating now... between 32.80 and 33.50 is a good buy if you can get it.
Danger if falls below 32.50

For bank, I'm playing C. You know this.. it's a much tradable stock but I'm not really long term for C.
I got some positions left to let this bad boy ride up with trailing stop..It's treading up slowly.
Hopefully, it may break 39 shortly.

Also, if you're thinking playing banks for housing recovery.. that may not be a good proxy 'coz
low interest kills banks profits. Look for REITs..or homebuilders stocks.


AAPL - iPAD mini goes on sale... but lines aren't that long. So, it may not be a hot item as many would think it is.
But, on the other hand..MSFT surface tablet indeed generating a lot of buzz. This thing could be next thing the PC windows users could be waiting for. For the past few days, MSFT is seeing a lot of money flowing into it.

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Added on November 3, 2012, 3:21 amUpdate:
AAPL Price Alert 585.00 at 14:02:52 EST US
The AAPL dam has broken.. waterfall....All hands.. becareful, wear thick gloves if you want it, it has turned into falling sharp knives.

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Added on November 3, 2012, 3:30 am
AAPL PRICE ALERT: 580.00 at 15:24:34 EST
Flooding downstream.....

This post has been edited by danmooncake: Nov 3 2012, 03:31 AM

AAPL PRICE ALERT: 575.00 at 15:55:34 EST

There you go! Price target achieve.

Hoping for a quickie bounce up game play next week..

This post has been edited by danmooncake: Nov 3 2012, 04:28 AM

Bears not only like fish but likes AAPL too..

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Added on November 3, 2012, 7:42 amInterest rate only rise if the central banks feels that the economy is too hot and wants to reign in the money supply.
Now, the economy is still cool... not even warm yet. World economy is still recovering.. I think we got a few more years (Uncle Ben say.. 2015 before his team will act.. by that time, he's already gone).

Personally, I don't like Malaysia REIT at this price.. I think it's heading towards a big bubble with all the speculation - just like US back in 06-07. I like US reit now since the bubble has burst, deflated and on its way to recovery. Riding the recovery is less dangerous than riding the bubble.

No, I don't think C is a good proxy for US recover... if housing is recovering, it DOES NOT mean the whole country will recover. The main issue is jobs (employment) in US. Need unemployment go back below 5% first, then their major consumer economy will be back later.

As for AAPL.. just watch it for now. It broke the 200MA (588).. don't catch the falling knives. Wait for your buy signal later.

But, traders like me like to juggle knives... so I got some thick gloves to wear to play along.

This post has been edited by danmooncake: Nov 3 2012, 07:50 AM

I like US REITs but I can't recommend any at this time because many of them still have to do a lot of research before putting real money in especially because it is all regional specific. It's all demand vs. supply and housing data always lagging. Different region, different demand. One area is booming, the other area is still recovering.. Have to be pretty picky. Right now, midwest area is growing faster than the west or east or south coast because of the oil fracking boom. US is 50 times size of Malaysia, so maybe difficult to say everything is healthy in general.

But, I particularly like the builders supplliers..or the home materials providers that SELL to the builders.

For example: HD - Home Depot - huge home suppliers this company is like the AAPL of the IT sector but they function in home building.
During recession or slow down, they sell to those who want to remodels.. during boom times, they sell more to the builders who are building new homes... pretty good solid balance sheet so far and ok dividends.

That's why I think if housing is recovering.. I think banks can't make much money because of the low interest, low margin, and much stronger regulation that prevent them from investment or trade but the suppliers of homes materials will make money better than banks.

Disclosure: A member of my family owns HD stock.

Having say that eventho I like HD, I'm NOT recommending buying HD at this level.

This post has been edited by danmooncake: Nov 4 2012, 11:19 PM

No problem... let's continue to make money in this crazy market. Election will most likely spike up the volatility (I hoping.. ).

I'm trading AAPL, but it time to have a little bounce up next week. Oversold already.
Thick gloves on.. & guns loaded with ammo also already..

This post has been edited by danmooncake: Nov 5 2012, 07:41 AM

Same here...

My take on this..If Obama wins, I'll go long. If Romney wins.. I'll go short.

Tonight, I'll be trading AAPL. 3 mln iPads sale should make the stock price bounce back up.

It all depends on your timeframe... AAPL will give you chance to make money.

Are you swing trader, position trader, daytrader or long term investors (willing to hold 1 year or more)?

Ka-ching! Got out half from my AAPL @ 585.. 10 pts gain from last week late entry.
Going to put the rest of the trailing stop..

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Added on November 5, 2012, 11:29 pmI think KLCI doesn't care..about US election.

But, KLCI may worry more about the leadership change in China.
Also, if crude price continue to go down.. it may hit KLCI.

This post has been edited by danmooncake: Nov 5 2012, 11:29 PM